SOLAR ENERGY COST DROPS DRAMATICALLY BY 80% OVER THE LAST 5 YEARS

The levelized cost of energy (LCOE) for leading photovoltaic technologies has fallen by nearly 20% in the past year, and nearly 80% over the last five years

In many parts of the world, the cost of utility-scale solar photovoltaic continues to decrease in contrast to that of the conventional means of energy. Similarly, the Grid Parity lowers the CO2 emission by contributing to the production of clean renewable energy. This photovoltaic integration, as a result, benefits the society as a whole by taking an effective measure towards the climate change.

Lazard’s Global Power, Energy & Infrastructure Group has released its new study “Levelized Cost of Energy Analysis “